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Deposits of over Rs 5000 in old notes allowed only once until Dec 30

  •   Mon, Dec 19 2016 03:30:15 PM

New Delhi, Dec 19 (PTI/Agencies): Old Rs 500 and Rs 1000 notes in excess of Rs 5000 can be deposited only once per account until December 30th 2016, the Ministry of Finance has said.

RBI imposed stiff conditions on deposit of old notes exceeding Rs 5,000.

Credit of deposits in such cases will be accepted only after receiving a satisfactory explanation. The tenderer will be asked as to why this couldn't be done earlier, according to reports.

Details are awaited.
  

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Comment on this article

  • Allen, Mangaluru

    Mon, Dec 19 2016

    Since the day of announcement of demonetisation this Govt has become a big nest of Confusions! Now they themselves do not know what they said, what they are saying, and what they will be saying till Dec 30th!

    DisAgree [7] Agree [41] Reply Report Abuse

  • Rudy, Bangalore/India

    Mon, Dec 19 2016

    Clear sign of desperation...Finance Minister & RBI governor require rest...! They are confused...new rule every hour....?

    DisAgree [5] Agree [41] Reply Report Abuse

  • Rezyonline, Mlore/Mct

    Mon, Dec 19 2016

    Never ending daily rules and regulations. Badly planned and executed, situation is like under a war region. You cannot use your own hard earned money.

    Shame on Modi and his party.

    DisAgree [5] Agree [32] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Mon, Dec 19 2016

    Rs. 5,000- plus ?
    Why targeting the poor people. Possible that some people still hold old notes due to inconvenience of standing in the Queue and insisting on a proof? senseless.
    Lakhs and crore have changed hands and changed to new notes and already withdrawn to safe heavens. Senseless rule.

    DisAgree [4] Agree [29] Reply Report Abuse

  • ABDUL RAFIQ, UCHILA

    Mon, Dec 19 2016

    Black money, fake currencies already came to the Banking system. Now the common citizens holding their hard earned money and could not deposit in the Bank so far due to big ques. So poor people will suffer and lose their money. This is Modi's dictatorship raaj and for sure BJP will pay heavy penalty for this blunder.

    DisAgree [10] Agree [84] Reply Report Abuse

  • j.anata, Mangaluru / Bengaluru

    Mon, Dec 19 2016

    If your prediction or prophecy is right, let BJP loose in UP as well as 2019...hope your frustration and words will find solace then

    DisAgree [31] Agree [7] Reply Report Abuse

  • Sunil K, Mangalore

    Mon, Dec 19 2016

    Modi and RBI have become direction-less. This will hurt BJP during the state elections of 2017 and the general in 2019.

    DisAgree [9] Agree [91] Reply Report Abuse

  • Amith, udupi

    Mon, Dec 19 2016

    Govt is scared now that the deposits have reached a level which they never believed ..now to save face ..they are bringing new rules everyday ...shame

    DisAgree [11] Agree [99] Reply Report Abuse

  • kas, Mangalore

    Mon, Dec 19 2016

    Tughlak Darbar ... Really shame ...
    This is the clear sign of SELF GOAL ...

    DisAgree [8] Agree [80] Reply Report Abuse


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